Gold had another tail wind yesterday after Goldman Sachs put a pricetag of $2000 for an ounce of Gold within the next 12 months. Gold spot price jumped 1.3% last night and currently sitting at $1743. If it breaks resistance at $1765 then $1800 is our next target.
It looks like PDI is trying their best to overcome the wet season and is planing to release the MRE by the end of 2021. Their market cap is at $65M now. For TSO, if we remove the 6M just been raised, it is currently being valued as one third of PDI.
Im dont want to compare these 2 because it will be subjective, what I want to emphasize on is TSO will release its MRE THIS YEAR. A major re-rate is coming!
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